Depreciation on dumper
This query is : Resolved
ashok tripathi
(Querist)
17 August 2011
PLEASE ADVISE ME ON WHAT IS THE RATE OF DEPRECIATION ON DUMPERS USED IN CONSTRUCTION ACTIVITIES OF GOLF COURCE. WHETHER IT IS 30 % OR 15 % .PL ADVICE WITH SOME FACTUAL DATA SO THAT I CAN STRONGLY PRESENT MY CASE
THANKS
THANKS
CA Navin Jain
(Expert)
17 August 2011
dumpers are not road transport vehicles,hence its a machinery therefore depreciation shall be charged @ 15%
17 August 2011
"Dumper" comes within expression "earthmoving machinery" and that the assessee is entitled to get 30% depreciation.
Citation :- CIT Vs. Sibson Construction Company (1997) 142 CTR (Gau) 4.
Citation :- CIT Vs. Sibson Construction Company (1997) 142 CTR (Gau) 4.
CA Navin Jain
(Expert)
17 August 2011
Respected Sir Ji, In the following case assesse appeal is dismissed
https://voiceofca.in/siteadmin/document/14_02_11_2_case.pdf
https://voiceofca.in/siteadmin/document/14_02_11_2_case.pdf
17 August 2011
Navin Ji
That is case related to JCB. Can we equate JCB with 'dumpers' is another vexed question.
That is case related to JCB. Can we equate JCB with 'dumpers' is another vexed question.
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